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"We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The...
Persistent link: https://www.econbiz.de/10009308326
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We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The...
Persistent link: https://www.econbiz.de/10012461269
Persistent link: https://www.econbiz.de/10014249466
We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The...
Persistent link: https://www.econbiz.de/10013120317
We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The...
Persistent link: https://www.econbiz.de/10013089837
Persistent link: https://www.econbiz.de/10011930022
Persistent link: https://www.econbiz.de/10002197175
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